Markets

Uganda shilling falls as Brexit weighs on confidence

Published June 24, 2016 Updated June 24, 2016 02:11pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

KAMPALA: The Ugandan shilling weakened on Friday, as global fears over the economic ramifications of Britain's vote to leave the European Union triggered a scramble among commercial banks to beef up their dollar positions.

At 0851 GMT, commercial banks quoted the shilling at 3,380/3,390, weaker than Friday's close of 3,365/3,375.

Read Comments